Marion County, OH Credit & Debt Lawyers

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C. Michael Piacentino

Administrative Law, Adoption, Dispute Resolution, Bankruptcy
Status:  In Good Standing           

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Larry Neil Heiser

Federal Appellate Practice, Family Law, Bankruptcy, Personal Injury
Status:  In Good Standing           Licensed:  22 Years

Teddy Michael Mckinniss

International, Estate, Employee Rights, Business
Status:  In Good Standing           Licensed:  49 Years

Fredrick Sherrill Zeigler

Estate Planning, Family Law, Bankruptcy, Personal Injury
Status:  In Good Standing           Licensed:  56 Years

Ted McKinniss

Litigation, Estate Planning, Employee Rights, Banking & Finance
Status:  In Good Standing           Licensed:  49 Years

Elizabeth Martindell

Intellectual Property, Social Security -- Disability, Estate Planning, Bankruptcy
Status:  In Good Standing           

Jon Stuart Doyle

Family Law, Insurance, Collection, Personal Injury
Status:  In Good Standing           Licensed:  21 Years

Sean Patrick Williamson

Real Estate, Property Damage
Status:  In Good Standing           Licensed:  13 Years

Sean Patrick Williamson

Real Estate
Status:  In Good Standing           Licensed:  13 Years

Douglas Edward Ebert

Commercial Real Estate, Federal Appellate Practice, Estate Planning, Elder Law
Status:  In Good Standing           Licensed:  49 Years

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Free Help: Use This Form or Call 800-943-8690

Member Representative

Call me for fastest results!
800-943-8690

Free Help: Use This Form or Call 800-943-8690

By submitting this lawyer request, I confirm I have read and agree to the Consent to Receive Messages from all messaging and voice technologies including Email, Text, Phone, Terms of Use, and Privacy Policy. Information provided is not privileged or confidential.

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LEGAL TERMS

COLLATERAL

Property that guarantees payment of a secured debt.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)
The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)
A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)
A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)
Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)
(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)
Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)
The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

SAMPLE LEGAL CASES

Ford v. Ford Motor Credit Co.

... The result was that the account was returned to collections. Subsequently, Ford received letters from collections agencies and repeated phone 85 calls from those agencies, and the "bad debt" was placed on his credit report by FMCC. ...

Ham v. Ham

... Neither party filed objections to the magistrate's decision. On December 15, 2006, the magistrate sua sponte filed a Nunc Pro Tunc magistrate's decision to correct a mathematical error in the calculation of Daniel's credit card debt. ...

Home Depot USA, Inc. v. Levin

... Under the statute, the latter qualify for the bad-debt deduction. {¶ 19} This argument fails because vendors who extend credit themselves are not, with respect to bad debt, similarly situated to vendors like Home Depot, who hire financial institutions to extend credit. ...